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ESPO Blend oil, from Russia's Far East, has seen its price rise due to strong Chinese demand, crowding out Indian buyers.
ESPO Blend oil, from Russia's Far East, has seen its price rise due to strong Chinese demand, crowding out Indian buyers.
China's lower export quotas for LSFO led to an increase in imports from Singapore, stabilizing the Asian market despite increased supply from the West.
China's lower export quotas for LSFO led to an increase in imports from Singapore, stabilizing the Asian market despite increased supply from the West.
Saudi Arabia plans to increase its crude oil supply to China to 46 million barrels in October, following a price cut for Asia, according to trade sources.
Saudi Arabia plans to increase its crude oil supply to China to 46 million barrels in October, following a price cut for Asia, according to trade sources.
Nile Petroleum Company takes over Petronas' assets in South Sudan, strengthening its position in the country's energy sector.
Nile Petroleum Company takes over Petronas' assets in South Sudan, strengthening its position in the country's energy sector.
Sinopec completes drilling of the Fushen-1 geothermal well in Hainan, reaching a record depth of 5,200 meters to explore hot dry rocks.
Sinopec completes drilling of the Fushen-1 geothermal well in Hainan, reaching a record depth of 5,200 meters to explore hot dry rocks.
Chinese oil and gas companies PetroChina, Sinopec and CNOOC have announced lower gas contract prices for the years 2024-2025, aimed at strengthening their competitiveness in the face of falling spot LNG prices.
Chinese oil and gas companies PetroChina, Sinopec and CNOOC have announced lower gas contract prices for the years 2024-2025, aimed at strengthening their competitiveness in the face of falling spot LNG prices.

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